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The Green Revolution Is Coming – Is Trump On Board?

Major industrial nations have accepted…

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Mexico Looks Overseas For New Oil Export Destinations

Both political and economic factors…

News

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Shell Signs Oil Exploration Cooperation Deal In Oman

Apr 26, 2017 at 09:58 | Tsvetana Paraskova

Royal Dutch Shell and Oman Oil Company Exploration & Production (OOCEP) have signed a Heads of Agreement for cooperation in resource exploration in an oil and gas block in Oman,…

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Nigeria’s Budget Benefits From Higher Oil Prices In March

Apr 26, 2017 at 09:40 | Irina Slav

Nigeria received distributable revenues of $1.53 billion (467.81 billion naira) in March thanks to higher royalty income from the oil industry and better international prices. At the same time,…

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Oil Markets Whipsawed As API Reports Unexpected Crude Build

Apr 25, 2017 at 16:04 | Julianne Geiger

The American Petroleum Institute (API) reported a build of 897,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a bit of relief…

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Foreign Companies Continue Pulling Expat Workers From Venezuela Amidst Unrest

Apr 25, 2017 at 15:44 | Zainab Calcuttawala

Statoil and Repsol have pulled out more of the companies’ expatriate workers based in Venezuela due to the unrest in the South American country, according to a new report by…

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Pro-Russian Rebels In the Dark As Ukraine Turns Lights Off

Apr 25, 2017 at 14:53 | Zainab Calcuttawala

Moscow announced on Tuesday that it would begin supplying electricity to pro-Russian rebels in the eastern parts of Ukraine, which has suffered from a blackout induced by Kiev due to…

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Nigeria To Fight Pipeline Attacks With Incentives For Illegal Refiners

Apr 25, 2017 at 12:22 | Tsvetana Paraskova

In a bid to clamp down on pipeline attacks and oil thefts, Nigeria’s oil minister Emmanuel Ibe Kachikwu is advancing plans to include illegal refineries in the Niger Delta in…

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Russia Regains Status As China's No.1 Crude Supplier

Apr 25, 2017 at 11:06 | Irina Slav

China imported daily average of 4.69 million tons, or 34.38 million bpd, of crude oil from Russia last month. That’s 9.3 percent more than the February average, putting Russia…

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Creditors, Not Cleanup, First Priority For Bankrupt Canadian Energy Firms

Apr 25, 2017 at 09:55 | Irina Slav

A Canadian court has upheld a previous decision that, in case of bankruptcy, the creditors of an energy firm will be paid what they are owed before any money is…

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Alberta Warns Trump Of Retaliation If Energy Sanctions Begin

Apr 24, 2017 at 17:17 | Zainab Calcuttawala

Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade…

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Iran & Total To Finalize Gas Deal Within A Month

Apr 24, 2017 at 17:11 | Tsvetana Paraskova

France’s oil major Total SA will likely finalize the deal for the development of a large natural gas project in Iran in less than a month, having seen some “positive”…

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